200 W Adair | Valdosta, GA 31601
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- LoopNet Team
200 W Adair
Valdosta, GA 31601
Fully Leased | 2-Minutes From Valdosta State · Multifamily Property For Sale
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14 Units
INVESTMENT HIGHLIGHTS
- Located minutes from Valdosta State University and within proximity to Moody Air Force Base and multiple national employers.
- Highly stabilized investment opportunity, boasting 100% occupancy with a large surrounding potential tenant pool.
- Residents living within a 3-mile radius tallied a consumer spending total of over $375 million – over $54 million accounted for household spending.
- Incredibly attractive value-add opportunity with rental income below market averages: $200 to $300 per unit.
- Ideally located in an area with a thriving economy; major employers in the area include South Georgia Medical Center, Lowe's, Pepsi, DuPont, and more.
- Adair West Apartments is surrounded by national retailers and food providers, including Enterprise, AutoZone, Moe’s, McDonald’s, and more.
PROPERTY FACTS
| Sale Condition | Auction Sale | Lot Size | 0.66 AC |
| Type of Ownership | Fee Simple | Building Size | 10,900 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 2.2/1,000 SF |
| Apartment Style | Low-Rise | Parcel Number | 0118A-074 |
| Building Class | C | ||
| Zoning | RP | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 10,900 SF |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 2.2/1,000 SF |
| Zoning | RP |
| Parcel Number | 0118A-074 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $825.00 | 725 |
| 2+1 | 4 | $975.00 | 895 |
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